My mother retired after 30 years working as an accountant for a foreign food company. Her pension is around $67K.
She decided to learn about crypto investing. At first, she planned to allocate 10% to BNB and BTC.
I spent two hours explaining Binance P2P to her. As an accountant, she understood the process surprisingly quickly.
For her first order, she bought 10 BNB at $608. The transaction was completed quickly.
For the second order, she bought $2K worth of BTC.
Then she told me she was cooking and completely forgot about the order. When she checked again, the order had already been cancelled.
My mother looked worried and asked me: “Did I lose the money because I forgot?”
“No, Mom. Don’t worry. The P2P process is quite strict, but your completion rate will be lower because of the cancelled order.”
It was a simple mistake, but a useful lesson.
When trading on Binance P2P, I always tell her to start with the order itself: check the counterparty, payment method, amount, price and payment details before confirming.
During the transaction, both sides need to complete their part within the order conditions. If the buyer does not pay or the seller does not release the crypto after payment is properly confirmed, the other side should not try to solve the problem by moving outside Binance. Keep the order, chat and payment evidence, then use the official appeal process when necessary.
For sellers, the most important rule is never to release crypto based only on a screenshot or a message. Check the actual bank account and confirm the money has arrived.
For buyers, make the payment using exactly the information shown in the order and pay attention to the order timer.
My mother’s first cancelled order did not cost her money.
But it taught her something more important:
In P2P, following the process is part of staying safe.
#binancep2pantoan @Binance Vietnam $VELVET $PORTAL $BTW
She decided to learn about crypto investing. At first, she planned to allocate 10% to BNB and BTC.
I spent two hours explaining Binance P2P to her. As an accountant, she understood the process surprisingly quickly.
For her first order, she bought 10 BNB at $608. The transaction was completed quickly.
For the second order, she bought $2K worth of BTC.
Then she told me she was cooking and completely forgot about the order. When she checked again, the order had already been cancelled.
My mother looked worried and asked me: “Did I lose the money because I forgot?”
“No, Mom. Don’t worry. The P2P process is quite strict, but your completion rate will be lower because of the cancelled order.”
It was a simple mistake, but a useful lesson.
When trading on Binance P2P, I always tell her to start with the order itself: check the counterparty, payment method, amount, price and payment details before confirming.
During the transaction, both sides need to complete their part within the order conditions. If the buyer does not pay or the seller does not release the crypto after payment is properly confirmed, the other side should not try to solve the problem by moving outside Binance. Keep the order, chat and payment evidence, then use the official appeal process when necessary.
For sellers, the most important rule is never to release crypto based only on a screenshot or a message. Check the actual bank account and confirm the money has arrived.
For buyers, make the payment using exactly the information shown in the order and pay attention to the order timer.
My mother’s first cancelled order did not cost her money.
But it taught her something more important:
In P2P, following the process is part of staying safe.
#binancep2pantoan @Binance Vietnam $VELVET $PORTAL $BTW